Wednesday, August 4, 2010

Saputo grows dividend

Dairy and grocery products producer Saputo Inc. (SAP) has increased it's quarterly dividend by 10.3% to $0.16 per share.  This increase came on the heels of a 32% increase in basic earnings per share for the quarter.

What I really like about Saputo is that their product lines represent products which are very resilient to consumer discretion but yet they seem intent on growth and are not afraid to make acquisitions to get there.  Here is how my investment in Saputo looks at the moment:

Adjusted Cost Base (average cost) = $21.34 (2 purchases made)
Yield on Cost = 3.0%
Stock's Current Yield = 2.0%
Stock's Current Price = $31.30
Total Appreciation Including Dividends = +51%

4 comments:

The Passive Income Earner said...

Well done! I made a short play a while back on SAP but I did not keep it for long. I think it has a spot in a well diversified portfolio. It's definitely worth another look.

What's life without cheese!

Think Dividends said...

and an ROE above 20%

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zoe said...

Any kind of investment with consistent 5% to 10% returns (with low risk) per month would be the greatest one ever. We firmly believe that wherever the risk involvement is high, the returns should also fly high which delivers atleast double the fruits in the prior case.
NIFTY INTRADAY CALLS
NIFTY INTRADAY TIPS
NIFTY SURE TIPS

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